Wednesday, May 26, 2021

SC issued notice in SLP filed against order of HC wherein matter was remanded back to ITAT for disposal afresh

INCOME TAX : Notice issued in SLP filed against order of High Court that when assessee shareholder gets shares of amalgamated company in lieu of shares of amalgamating company, a 'transfer' does take place within meaning of section 2(47)

from www.taxmann.com Latest Case Laws https://ift.tt/3unAsPq
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...